Bridge Financing
Ready Capital provides short-term, non-recourse bridge and mezzanine loans nationwide on transitional, value-add and event-driven commercial and multifamily real estate. We lend up to $45 million (larger for select assets and portfolios) for middle-market and institutional commercial real estate sponsors, and larger on a case-by-case basis.
We provide floating and fixed rate terms to five years for multifamily, office, retail, industrial, mixed-use, self-storage, student housing, hospitality, residential and commercial condo, and specialty use properties. We consider the full range of value add strategies and deliver structured finance solutions backed by experienced bridge lending professionals.
Check out our most recent transactions and client testimonials:

Bridge
Office
3 Year Term
Greenwood, IN

Bridge
Mixed Use
4 Year Term
Charlotte, NC

Bridge
Retail
3 Year Term
Santa Monica, CA

Bridge
Multifamily
3 Year Term
Los Angeles, CA

Fixed rate
Retail
2 Year Term
Sacramento, CA

Bridge
Retail
5 Year Term
Jacksonville, FL

Bridge
Various Property Types - Portfolio
3 Year Term
Los Angeles, CA

Bridge
Multifamily
3 Year Term
Houston, TX

Fixed rate
Student Housing
3 Year Term
Normal & Champaign, IL

Bridge
Multifamily
5 Year Term
West Valley City , UT

Fixed rate
Mixed Use
7 Year Term
Costa Mesa, CA

Bridge
Retail
3 Year Term
Miami, FL

Bridge
Multifamily
3 Year Term
San Antonio , TX

Bridge
Multifamily
3 Year Term
San Antonio, TX

Bridge
Retail
3 Year Term
Miami (Wynwood), FL

Bridge
Multifamily
3 Year Term
Houston , TX

Bridge
Multifamily
3 Year Term
Portland , OR

Bridge
Multifamily
3 Year Term
Freeport, TX

Bridge
Multifamily
2 Year Term
Houston, TX

Bridge
Retail
3 Year Term
Miami, FL

Bridge
Office
3 Year Term
Charlotte, NC

Bridge
Retail
3 Year Term
Charlotte, NC

Bridge
Multifamily
2 years Year Term
Tampa, FL

Bridge
Industrial
3 Year Term
Charlotte, NC

Bridge
Office
3 Year Term
Chicago, IL

Bridge
Mixed Use
3 Year Term
Los Angeles , CA

Bridge
Multifamily
3 Year Term
San Antonio , TX

Bridge
Multifamily
3 Year Term
San Antonio , TX

Bridge
Mixed Use
3 Year Term
Denver, CO
Bridge
Retail
2 Year Term
Los Angeles, CA

Bridge
Multifamily
3 Year Term
New York, NY

Bridge
Office
3 Year Term
Chicago, IL
Bridge
Multifamily
2 Year Term
Philadelphia, PA

Bridge
Multifamily
2 Year Term
Decatur, GA
Bridge
Multifamily
Year Term
Minneapolis, MN

Bridge
Multifamily
2 Year Term
Houston, TX

Bridge
Industrial
3 Year Term
Tampa, FL

Bridge
Multifamily
1 Year Term
Bridgeport, CT

Bridge
Multifamily
3 Year Term
Houston, TX
Bridge
Multifamily
1 Year Term
Panama City, FL

Bridge
Retail
2 Year Term
Baltimore, MD

Bridge
Industrial
2 Year Term
San Antonio, TX

Bridge
Multifamily
2 Year Term
Athens, GA

Bridge
Multifamily
2 Year Term
Fort Lauderdale, FL

Bridge
Multifamily
2 Year Term
Various, TX

Bridge
Multifamily
3 Year Term
Largo, FL

Bridge
Mixed Use
3 Year Term
New York, NY
Bridge
Multifamily
1 Year Term
Golden, CO
Bridge
Mixed Use
2 Year Term
Bronx, NY
Bridge
Retail
3 Year Term
Livonia, MI
Bridge
Multifamily
3 Year Term
Los Angeles, CA
Bridge
Office
3 Year Term
Tustin, CA
Bridge
Office
3 Year Term
Houston, TX
Bridge
Multifamily
3 Year Term
Los Angeles, CA
Bridge
Multifamily
3 Year Term
Charlotte, NC
Bridge
Office
3 Year Term
Atlanta, GA
Bridge
Office
2 Year Term
Miami, FL
Bridge
Multifamily
3 Year Term
Los Angeles, CA
Bridge
Multifamily
3 Year Term
Los Angeles, CA
Bridge
Mixed Use
2 Year Term
New York, NY
PRODUCT OVERVIEW
- Transitional, value-add and event-driven real estate opportunities
- Highly structured loan solutions
- Financing customized to borrower business plan
- Loan size: up to 80% of project cost, 85% senior stretch deal specific
- Term: floating rate up to five years including extensions
- Prepayment: minimum interest
- Future Funding: Capex, TI/LC, earnouts, interest and operating reserves
- Fixed and fixed/floating hybrid loan solutions
Contact a Production Officer or a member of our production team for more information for your area or market. All of our Production Officers have the ability to lend nationwide. If you need further information, please contact bridgecre@readycapital.com.
NEW YORK, April 15, 2020 /PRNewswire/ — Ready Capital Corporation (NYSE: RC) announced today that the Company’s national Small Business Administration (SBA) lender, ReadyCap Lending, LLC, has obtained SBA approvals to fund in excess of $2 billion loans through the U.S. Small Business Administration’s Paycheck Protection Program (“PPP Program”). Through the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), the initiative calls for existing SBA lenders to extend loans to small business to cover payroll, occupancy and operating expenses through the PPP Program. Furthermore, the PPP Program includes a 100% guarantee from the federal government for loans up to $10 million and principal forgiveness for borrowers if the funds are used primarily for retaining employees. Ready Capital, through its front-end technology embedded in its iBusiness Funding platform, helps small businesses by lending, not only to its existing clients, but also new applicants. Ready Capital started taking applications the first week of April and began funding of the PPP Program on Monday, April 13th. The Company will continue to fund approved loans over the upcoming weeks and is accepting applications at ppp.readycapital.com.
Thomas Capasse, Chairman and Chief Executive Officer said, “Ready Capital has fully dedicated its resources towards helping small businesses obtain this much needed capital to assist with difficulties due to COVID-19. We are proud to support our clients, who are the lifeblood of our business, and proud to be able to support all small business applicants, who are the lifeblood of this country. The government has done their part to make these funds available and it is our responsibility to get the funds into the hands of people who need it most. We estimate our efforts to date, will help to fund the payroll of approximately 200,000 individuals across the country.”
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs over 400 lending professionals nationwide. The Company is externally managed and advised by Waterfall Asset Management, LLC.
Contact
Investor Relations
Ready Capital Corporation
212-257-4666
InvestorRelations@readycapital.com
Cision View original content:http://www.prnewswire.com/news-releases/ready-capital-corporation-reaches-2-billion-in-sba-loan-approvals-through-the-paycheck-protection-program-301040719.html
SOURCE Ready Capital Corporation
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